Telsey Advisory Group Estimates Ulta Beauty Q2 Earnings

Ulta Beauty Inc. (NASDAQ:ULTA) – Analysts at Telsey Advisory Group upped their Q2 2026 earnings per share (EPS) estimates for shares of Ulta Beauty in a research note issued on Monday, August 25th. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will post earnings of $5.07 per share for the quarter, up from their prior forecast of $4.87. Telsey Advisory Group has a “Outperform” rating and a $590.00 price objective on the stock. The consensus estimate for Ulta Beauty’s current full-year earnings is $23.96 per share. Telsey Advisory Group also issued estimates for Ulta Beauty’s FY2026 earnings at $23.45 EPS, Q2 2027 earnings at $5.63 EPS and FY2027 earnings at $26.01 EPS.

A number of other analysts also recently issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and set a $437.00 price target (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Barclays upgraded Ulta Beauty from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $518.00 to $589.00 in a research report on Friday, August 22nd. Citigroup lifted their target price on Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Evercore ISI lifted their target price on Ulta Beauty from $465.00 to $490.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Finally, DA Davidson lifted their target price on Ulta Beauty from $550.00 to $585.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $498.88.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $526.06 on Tuesday. The company has a market capitalization of $23.64 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12. The business has a 50-day moving average of $496.27 and a two-hundred day moving average of $424.13. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $534.10.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.Ulta Beauty’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $6.47 EPS. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS.

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its position in Ulta Beauty by 22.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 39,422 shares of the specialty retailer’s stock valued at $18,442,000 after acquiring an additional 7,113 shares during the period. Stance Capital LLC acquired a new position in Ulta Beauty in the 2nd quarter valued at about $3,809,000. B. Riley Wealth Advisors Inc. acquired a new position in Ulta Beauty in the 2nd quarter valued at about $479,000. Newbridge Financial Services Group Inc. increased its position in Ulta Beauty by 52.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 26 shares during the period. Finally, State of Wyoming acquired a new position in Ulta Beauty in the 2nd quarter valued at about $89,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.